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This paper presents a quantitative process to track the progress of technology developments within NASA’s Vehicle Systems Program (VSP) as implemented on a Supersonic Business Jet (SBJ). The process, called the Technology Metric Assessment and Tracking (TMAT) process, accounts for the temporal aspects of technology development programs such that technology portfolio assessments, in the form of technological progress towards VSP sector goals, may be tracked and assessed. Progress tracking of internal research and development programs is an essential element to successful strategic endeavors and justification of the pursuit of capital projects [1].